SEPTEMBER 23, 2004

"Masses of interest" in Jaguar Racing

Tony Purnell, the boss of Jaguar Racing says that there is "masses of interest" in the team, which the Ford Motor Company has decided to discontinue.

"Formula 1 generates a lot of people who want to take a chance and we are sifting through the realistic buyers from the chancers," he said. "There is masses of interest and I think one has to be fairly confident that a solution will be found. The whole process is a confidential one, so I am not going to talk about any individual bid, but rest assured, I have contacted every potential buyer that I know of and I have to say one of the big challenges at the moment is finding time to sleep because it is a global business so I am getting phone calls night and day."